The Editorial Team |

INTO AFRICA April Edition: Africa’s Unshaken Fundamentals

LAGOS, Nigeria, Capital Markets in Africa — Over the past few years, discussion about Africa’s development, prosperity, growth and potential was becoming more optimistic, so Africa seems to have conquered the myth of negative perception. The gained optimism has led to many buzzwords such as Africa rising; Africa the last frontier, Lion on the move etc. As a result, Africa is not hard to sell to investors and many investment pitches highlight the common reason…

Finance | OPIC Says Renewable Energy Drives Its Expanding Africa Portfolio

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LAGOS, Nigeria, Capital Markets in Africa — Renewable energy projects and small off-grid plants will drive growth of its African investment portfolio, according to MD for Africa Peter Ballinger of Overseas Private Investment Corporation (OPIC), USA. OPIC experiencing fastest growth in Africa; region received as much as $1.6b in energy, $1.2b non-energy investment in 2015. “We are seeing an increase in smaller renewable projects both grid connected and non-grid connected and we are seeing a…

Finance | Rwanda Targets $1.5 Billion in Foreign Investments in 2016

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Kigali, Rwanda, Capital Markets in Africa — Foreign direct investment in Rwanda will probably rise 36 percent this year to $1.5 billion, according to the Rwanda’s development board. Projects financed by foreigners will rise from $1.1 billion last year, Francis Gatare, chief executive officer of Rwanda Development Board, said in an interview on Thursday. “In 2015 we witnessed an increment in the number of investments registered, with key projects in energy and education topping the…

African Stock Market March 2016: Bull rules, Egyptian equities rewards local investors with 22.4% gains

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LAGOS, Nigeria, Capital Markets in Africa — The Federal Reserve’s dovish stance on U.S. interest rates and a rebound in commodity prices fuelled an African-market rally in March, leading currencies to record monthly gains against the dollar. African equity market performance measured by country equity benchmark index returns ended in positive for the month, with eleven gainers and seven losers on the local currency basis. March’s average return of 2.3 percent was recorded across eighteen African…

Tunisia’s central bank holds key rate unchanged at 4.25 percent in March

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TUNIS, Tunisia, Capital Markets in Africa — Tunisia’s central bank kept its key interest rate unchanged at 4.25 percent, the bank said on Thursday. The bank last cut its main interest rate in October, from 4.75 percent, in a bid to boost economic growth as inflation fell. The inflation rate was 4.9 percent in 2015, down from 5.5 percent in 2014. The central bank said tourism revenue in first two months in 2016 fell by…

Private Equity | Helios scores first for Africa fund with Crown Agents deal

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LONDON, Capital Markets in Africa: Helios, the pan-African investment firm, is set to deliver a postcolonial turnround with a deal for key divisions of Crown Agents — a company which was once a pillar of the British empire. The deal for Crown Agents Bank and its sister asset management company, for an undisclosed sum, marks the first time an African-managed fund has won approval from regulators to acquire a UK financial institution. Helios is one…

Philosophy of Investment | To fight or flight – why risk can pay off

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LONDON, Capital Markets in Africa — If you ask most people how they make decisions, they’ll probably tell you they look at the pros and cons carefully and, once they’ve weighed up all the evidence, they make their choice based on reason, logic and factual information. In fact, this is not how people generally make decisions. They often make them quickly, based on intuition and gut feeling – and even apparently well-informed, considered decisions can…

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